Halsey (Builders) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00760740 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Halsey (Builders) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs D Halsey

SECRETARY:

Wren Accounting Limited

REGISTERED OFFICE:

Yard Gates

Opposite 41

Hemel Hempstead Road

Redbourn

St. Albans

Hertfordshire

AL3 7NL

REGISTERED NUMBER:

00760740 (England and Wales)

ACCOUNTANTS:

Roy Pinnock & Co LLP

Chartered Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

FIXED ASSETS

Tangible assets

2

7,499

12,278

CURRENT ASSETS

Stocks

107,936

46,594

Debtors

28,713

36,982

Cash at bank and in hand

596

1,080

137,245

84,656

CREDITORS

Amounts falling due within one year

56,745

132,974

NET CURRENT ASSETS/(LIABILITIES)

80,500

(48,318

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

87,999

(36,040

)

CREDITORS

Amounts falling due after more than one
year

163,778

100,000

NET LIABILITIES

(75,779

)

(136,040

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

(76,779

)

(137,040

)

SHAREHOLDERS' FUNDS

(75,779

)

(136,040

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2016 and were signed by:

Mrs D Halsey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

44,186

Additions

1,000

Disposals

(6,200

)

At 31 March 2016

38,986

DEPRECIATION

At 1 April 2015

31,908

Charge for year

2,291

Eliminated on disposal

(2,712

)

At 31 March 2016

31,487

NET BOOK VALUE

At 31 March 2016

7,499

At 31 March 2015

12,278

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000